Guideline Value for Theruveethi Amman Koil Street

Theruveethi Amman Koil Street guideline value

The current guideline value of Theruveethi Amman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vanchuvancheri village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Theruveethi Amman Koil Street has changed

The guideline value for Theruveethi Amman Koil Street has seen several revisions over the years. The 2012 revision had a guideline value of Rs 200 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was Rs 134 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 200 per sq.ft. The most recent revision in 2024 has maintained this value at Rs 200 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Vanchuvancheri

In Vanchuvancheri, there are 23 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 700 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, indicating that Theruveethi Amman Koil Street's 2024 figure is below this median.

• Tambaram Kanchipuram Road: Rs 700 per sq.ft (2024)
• Sri Vijaya Ganapathy Nagar: Rs 510 per sq.ft (2024)
• Vasantham Nagar: Rs 400 per sq.ft (2024)
• Vetri Vinayagar Nagar: Rs 200 per sq.ft (2024)
• Sri Ganesh Nagar Extension: Rs 510 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 510 per sq.ft (2024)

Stamp duty and registration fee for property in Theruveethi Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Theruveethi Amman Koil Street?

The Sub Registrar Office that covers Theruveethi Amman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vanchuvancheri

The guideline value is a crucial factor in property transactions in Vanchuvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Theruveethi Amman Koil Street?

The current guideline value of Theruveethi Amman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft in the 2023 and 2024 revisions. It increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a 49% increase.

What is the land classification for Theruveethi Amman Koil Street?

Theruveethi Amman Koil Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office covering Theruveethi Amman Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.